Over H2 2014 we have seen the recovery of gas demand from both the power and nonpower sectors. This has largely offset the decline following the political turmoil that had engulfed the economy. The contrast in performance has resulted in a fairly flat demand growth. On the supply front we have seen more Myanmar gas with the commencement of Myanmar's M9 gas field. This has largely prevented PTT from importing more LNG in this quarter despite the low spot prices dropping below US$12/mmbtu.